13Meaning of capital gain

13 Meaning of capital gain capital gain, in relation to a resident’s entitlement under a residence contract or the sharing of a capital gain under a village contract between the operator and a resident— (a) means any increase between the amount the resident paid for the residence right for the residential premises and the amount that the next resident pays for a residence right for the same premises; but (b) does not include any costs associated with the subsequent sale or lease of the premises. (2) The amount of fees and charges payable under a village contract are not to be included in working out the amount of a capital gain.